Form Nh-1120 - Corporation Business Profits Tax Return - 2010
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1FORM
NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION
NH-1120
CORPORATION BUSINESS PROFITS TAX RETURN
2010
SEQUENCE # 4A
For the CALENDAR year
or other taxable period beginning
and ending
Mo
Day
Year
Mo
Day
Year
Due Date for CALENDAR year fi lers is on or before March 15, 2011 or the 15th day of the 3rd month after the close of the taxable period.
YOU ARE REQUIRED TO FILE THIS FORM IF GROSS BUSINESS INCOME WAS GREATER THAN $50,000.
STEP 1
NAME OF CORPORATION
FEDERAL EMPLOYER IDENTIFICATION NUMBER
OR DEPARTMENT IDENTIFICATION NUMBER
Print or
Type
STEP 2
A
Is the corporation fi ling its tax return on an IRS approved 52/53 week tax year? .....................................Yes
No
If yes, provide the period beginning
and ending
date.
Ques-
Mo
Day
Year
Mo
Day
Year
tions
B
Does the corporation fi le with the IRS as part of a federal consolidated return? .......................................Yes
No
C
Is this corporation affi liated with any other business organization that fi les business tax returns with this
Yes
No
department? Identify by name and FEIN:
D
Does the corporation fi le as part of a unitary group in any other jurisdiction? ...........................................Yes
No
E
Is this a “combined” business profi ts tax return? If yes, you must fi le Form NH-1120-WE Return ...........Yes
No
F
Were there any distributions made to NH residents? Yes ______ No ______
STEP 3
1 Gross Business Profi ts
SCH R
Figure
IRC RECONCILIATION
(a) Taxable income (loss) before net operating loss deduction and special
Your
deductions. If IRC Reconciliation is required the amount from
Taxes
1(a)
Line 4 of the Schedule R.
(Attach copy of federal return) ................................
(b) Separate entity and other items of income and expense not allowed for
1(b)
on this form (attach schedule)................................................................
(c)
New Hampshire Gross Business Profi ts [Combine Line 1(a) and Line 1(b)]
(
..............................................
1(c)
If negative, show in parenthesis. See worksheet for Net Operating Loss, NOL, provisions)
2
Additions and Deductions
2(a)
(a)
Add back income taxes or franchise taxes measured by income
..............................................................................
(Attach schedule of taxes by state)
(b) New Hampshire Net Operating Loss Deduction
(Attach Form DP-132) ...........
(
)
2(b)
(c)
Interest on direct US Obligations ..........................................................
2(c) (
)
(d) Wage adjustment required by IRC Section 280C ................................
(
)
2(d)
(e) Foreign dividend gross-up (IRC Section 78) .........................................
(
)
2(e)
(f)
Add back expenses related to constitutionally exempt income .............
2(f)
(g) Research contribution (See RSA 77-A:4 XII. Attach computation) ............
2(g)
(
)
(h) Interest and Dividends subject to tax under RSA 77 (for taxable periods
ending on or after 12/31/10) ...................................................................... 2(h)
(i)
Add back return of capital from Qualifi ed Investment Capital Company...
2(i)
(j)
Combine Lines 2(a) through 2(i).
........................................................... ..
(If negative, show in parenthesis)
2(j)
3 Adjusted Gross Business Profi ts (Line 1(c) adjusted by Line 2(j). If negative, show in parenthesis) .....
3
4 New Hampshire Apportionment (Attach Form DP-80)..........................................................................
4
•
5 New Hampshire Taxable Business Profi ts (Line 3 x Line 4. If negative, enter zero.) .........................
5
6 New Hampshire Business Profi ts Tax
Line 5 x 8.5%
.........................................................................
(
)
6
7 Credits allowed under RSA 77-A:5 (Attach Form DP-160) ....................................................................
7
STEP 4
Figure
8 Subtotal (Line 6 minus Line 7) ...............................................................................................................
Your
8
Credits
9 New Hampshire Business Enterprise Tax Credit ...............................................................................
9
10 New Hampshire Business Enterprise Tax Credit to be applied against Business Profi ts Tax
(Enter the lesser of Line 8 or Line 9) ......................................................................................................
10
11 New Hampshire Business Profi ts Tax Net of Statutory Credits (Line 8 minus Line 10) .........................
11
ENTER THE AMOUNT FROM LINE 11 ON LINE 1(b) OF THE BT-SUMMARY.
THIS RETURN MUST BE FILED WITH THE BT-SUMMARY AND ALL APPLICABLE FEDERAL SCHEDULES.
NH-1120
[pg 27]
Rev 09/2010
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